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Dec 19, 2012
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/china relationship? >> well, i think that it's a little too early to tell that this is symptomatic of the new administration. but i do expect that there will be progress in certain areas. china has been asking the u.s. to lift restrictions on high-tech exports. and i gather that the obama administration is consider something kind of overhaul of the current restrictions. so there might be some change there was benefit to china. and on the u.s. side, the u.s. would like china to lift restrictions on imports of livestock. and it looks like china is willing to do that on a gradual basis. so i think that there would be some positives coming out of these meetings today and tomorrow. >> and lastly, frank, what would be the most significant policy move period to come from this. again, aside from the news we've already heard about the import duties, are you looking for any big-name tie-ups, or is this about meeting and shaking hands, especially because the u.s. leadership still isn't settled, erkts speci especial
/china relationship? >> well, i think that it's a little too early to tell that this is symptomatic of the new administration. but i do expect that there will be progress in certain areas. china has been asking the u.s. to lift restrictions on high-tech exports. and i gather that the obama administration is consider something kind of overhaul of the current restrictions. so there might be some change there was benefit to china. and on the u.s. side, the u.s. would like china to lift...
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Dec 13, 2012
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most of the future growth is coming out of china. it is a market which is exploding. i think in 2010, they had 58 million people leaving china. it was 72 million last year. it will be about 80 million by the end of in year. it's all the product of lots of new people coming into the middle class and wanting to travel for the first time. >>> and this is one destination that would use a lot of world visitors spending their money. is it still as appealing? >> yes. europe is never going to lose its appeal. certainly visitors from asia want to come and visit europe. i think the europe outbound market is a bit sluggish at the moment. but it is still the case that people want to travel. and families will make a lot of sacrifices. they might not change a car, but they will absolutely protect their family holiday. europe will still grow, despite the economic difficulties. >> i also wonder when we saw the cost of airfare come down, when we've seen incomes rise, do you expect the rapid, rapid growth that we've seen to continue or is it market now maturing? >> no, the market is no
most of the future growth is coming out of china. it is a market which is exploding. i think in 2010, they had 58 million people leaving china. it was 72 million last year. it will be about 80 million by the end of in year. it's all the product of lots of new people coming into the middle class and wanting to travel for the first time. >>> and this is one destination that would use a lot of world visitors spending their money. is it still as appealing? >> yes. europe is never...
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Dec 26, 2012
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it's very good for china. but of course, the fiscal cliff will have a huge impact on where emerging markets and the rest of the world goes this year. i think if you really want to play it smart, you look at consumer-facing businesses, health care technology, emerging markets. you can't lose. >> well, ron, that's what i was going to ask you. you brought up india and the rising consumer is such a big piece of the growth story there. can you drill down for me more on how we can tap into that and capitalize on it? >> absolutely. so here's the issue with the consumer. obviously the consumer story is the biggest thing for the emerging markets. that's the story for the next decade at least. the issue is that a lot of the adrs that we can trade don't really touch the consumer as much as we'd like. there are a few. on the technology side, we like a number of stocks, like we like china mobile. that's chl. that gives you the emerging consumer, that's really moving into mobile. we like qihu. that's a stock that really get
it's very good for china. but of course, the fiscal cliff will have a huge impact on where emerging markets and the rest of the world goes this year. i think if you really want to play it smart, you look at consumer-facing businesses, health care technology, emerging markets. you can't lose. >> well, ron, that's what i was going to ask you. you brought up india and the rising consumer is such a big piece of the growth story there. can you drill down for me more on how we can tap into that...
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Dec 10, 2012
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than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world trade percent this year. that's had an impact on the volume of trade. it did ask him about what he thought the political situation in italy was going to develop and what impact. he said he thought and believed it would be contained, but then, of course, we might expect him to say that, as well. but he was speaking with mario monti earlier in the weekend, as well. on saturday he was with him. >> a diplomatic response, i would expect no less. great stuff from geneva. looking forward to having you back here tomorrow.
than china. partly because of relative wage levels, but also partly because of its proximity to the market and with energy and transport costs being what they are today, you're going to see a lot of change. and the u.s., like our industrialized economies, is going to have opportunities and it needs to prepare itself to exploit those opportunities. >> the ilo director general guy ryder talking to carolin. just a reminder, we spoke to pascal lamy who confirmed they've downgraded the world...
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Dec 3, 2012
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so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big growth engines to help them, as well. >> what's the chinese swing factor for investors? >> sitting in europe clearly it's something we focus upon. is it a driving force, absolutely not. the tail risk i think is what scares us. so do i feel heartened by the numbers in china, yes, it's kind of a positive. but there's more important things. >> if you're worried about synchronized global slowdown, you need one begin sort of spluttering on a little bit better. >> the difficulty is that it's a very large consensus among the investors in europe that come what may, they're not going to feel terribly positive about the outlook for the eurozone. the best case scenario is people who have maybe 1%, 1.5%, 2% growth and search weaker in the periphery. as a result, you need something quite astounding out of china to make you feel better. >> you
so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big growth engines to help them, as well. >> what's the chinese swing factor for investors? >> sitting in europe clearly it's something we focus upon. is it a driving force, absolutely not. the tail risk i think is what scares us....
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Dec 17, 2012
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china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you said, they're slipping in their ranking. and that's because there is a lot of competition, especially from -- well, from samsung and lenovo, names that you know, and also from -- players that are coming up with these low, cheaper wsh i should say, smartphones and that is one big challenge for the company here. another big challenge, as you had said, china mobile, it needs to come up with some deal with china mobile over the next year or so in order to try to get access to that company's 700 million viewers. >> eunice, thanks for that and our apologies for that slight technical freeze there.
china telecom is carrying the phone. it's available in china's apple stores and online. china mobile is expected to strike a deal to carry the phone by late 2013. eunice, they need this to sell, because according to idc, in the third quarter, their share of smartphone market in china slipped to sixth place, which is a massive decline in market shares terms. how much is this one going to take them back a little bit? >> well, apple faces a lot of challenges in the china market. like you...
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Dec 18, 2012
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i think china will continue to play it. i think that would be better, more obvious great stories in the like in the next ten years in china. >> such at? >> the obvious concern, i'm not concerned about the residential property side, but international property, larger entities, that would be a concern that would continue to rear its head, i think. and i look at the stock pickses of chinese industries. just determined the bank roll losses for that industry and that's slightly concerning, as well. i see china more as a trade market rather than a strategic bet. within that, we are keen to extend ourselves to only the mining sector. >> there's plenty of pessimism for people to come in. in other central bank news, sweden has lowered its key interest rate by 25 basis points to 1%. in a widely expected move. the central bank says it sees the repo rate remaining for the coming year. riksbank deputy swensen says he is pushing for heavier cuts. >>> in australia, the decision to lower rates at its december policy meeting appears to be a
i think china will continue to play it. i think that would be better, more obvious great stories in the like in the next ten years in china. >> such at? >> the obvious concern, i'm not concerned about the residential property side, but international property, larger entities, that would be a concern that would continue to rear its head, i think. and i look at the stock pickses of chinese industries. just determined the bank roll losses for that industry and that's slightly...
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Dec 6, 2012
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but how do you see the big picture in china? there's definitely a narrative that says high levels of capital spending lead to poor profitability and maybe that's what the stock markets had a sniff on over the last 18 months. where do you think we are in that story? >> well, no doubt it's driven by capital like all capital investments. and where are the investments going? they're going to china's massive infrastructure. don't forget china is still in the middle of a largest organization exercise in human history, building something like 221 new cities. so there's no did you tell that some of the buildings and roads or even shopping malls may in the short term appear empty. and then that fits into the kind of speculation there will be a huge asset or property bubble that's bound it on burst. but don't forgetbeginning, a lo buildings. and don't forget the speed of the urbanization process is going on in china. but as a national strategy also to balance the economy away from the capital kind of investment towards domestic consumptio
but how do you see the big picture in china? there's definitely a narrative that says high levels of capital spending lead to poor profitability and maybe that's what the stock markets had a sniff on over the last 18 months. where do you think we are in that story? >> well, no doubt it's driven by capital like all capital investments. and where are the investments going? they're going to china's massive infrastructure. don't forget china is still in the middle of a largest organization...
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Dec 5, 2012
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that get into china. so it's not all roses, but we need new marketplaces and china is certainly growing as an extraordinary pace. >> yeah, and what's it like trying to finance productions at the moment? >> just globally -- i mean, the marketplace is pretty strong. after 2008, there was -- we kind of hit a roadblock with banks and with wall street and all of that kind of stuff. but i think the marketplace and the financial marketplace has come back pretty strong. though there are problems in some territories in europe like italy and spain, greece, of course. there are other strong markets. again, this is a reason why china and russia and brazil and india have become so important at the global scenario. >> okay, we wish you all the best. have a great few days there in singapore. >>> the british chancellor executive george osborne is giving his autumn statement today. the chancellor has already dropped big hints about what we can expect. katie barnfield has gone up to man chester to see how the government's
that get into china. so it's not all roses, but we need new marketplaces and china is certainly growing as an extraordinary pace. >> yeah, and what's it like trying to finance productions at the moment? >> just globally -- i mean, the marketplace is pretty strong. after 2008, there was -- we kind of hit a roadblock with banks and with wall street and all of that kind of stuff. but i think the marketplace and the financial marketplace has come back pretty strong. though there are...
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Dec 11, 2012
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china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so i
china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but...
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Dec 31, 2012
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china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic indicators up, what they're doing with the job is good, performance is good. asia will take a while, to the end of 2013. we'll see good entrepreneurial activity. that's going to depend on good performance in stocks. >> it will appreciate even with weaker economy or, you know, stagnated economy because there's not much growth to be accepted from all europe, you know, obviously call europe like germany will grow with the global economy here. but at the moment, because of the issues in japan and all the issues in the u.s., euro and particularly euro
china ends the year under the sign of growth. manufacturing activity hits its fastest pace in 18 months. but it's been a lackluster pace for markets which hosts a modest return for the year. germany, hong kong manage to outperform. so just where should investors put their money in the new year? we've been asking analysts and economist toes give us their top calls for 2013. >> do you think the u.s. is going to continue to be strong if they can solve the fiscal cliff issues, keep economic...
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Dec 14, 2012
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china's top leader res expected to meet saturday and sunday and monday we'll finally gets china's foreign direct investment numbers for december. lots to watch and it will be interesting to keep appear eye on how traders sxret express views over the weekend. straight ahead on the show, a round about in east london is being hailed as europe's answer to silicone valley. but should california tech giants be shaking in their hoodies? stay tuned. >>> welcome back to the program. the financial times picked mario draghi as its financial person for the year. earlier in the program, we asked you who would be your pick. bruce tweeted in to say silvia wadhwa, she's my favorite. silvia gets our vote, too. get in touch with us by e-mail, worldwide@cnbc.com, tweet us or tweet ross even though he's not here. in fact, i encourage that. >>> east london has been hailed to europe's answer to silicone valley. can it really compete? and what's in it for investors? tom mckenzie reports. >> in just a few years, london's tech city has grown from a handful of companies to a buzzing cluster of close to 5,000 busin
china's top leader res expected to meet saturday and sunday and monday we'll finally gets china's foreign direct investment numbers for december. lots to watch and it will be interesting to keep appear eye on how traders sxret express views over the weekend. straight ahead on the show, a round about in east london is being hailed as europe's answer to silicone valley. but should california tech giants be shaking in their hoodies? stay tuned. >>> welcome back to the program. the...
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Dec 4, 2012
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especially markets like china. and the ideal way to ride out these difficult times and to reduce costs would be to acquire properties that mine steel making raw materials. and that's exactly what posco is doing according to these reports that say a consortium that it leads has been named preferred bid forea stake in a canadian mine. some reports say it's seeking to acquire around a 10% to 15% stake and is scheduled to sign a sales and purchase agreement early next year. and how will posco finance this acquisition? observers say it's been selling many noncore assets like its holdings in sk telecom to cushion these investment plans like the purchase of the australian steel and iron ore producer aryan which by the way collapsed late october. back to you. >> all right, chery, thanks for that. still to come, we'll speak as to a guest who believes volatility in the oil market will continue well into 2013. we'll find where his predictions are for crude next year. i always wait until the last minute. can i still ship a gif
especially markets like china. and the ideal way to ride out these difficult times and to reduce costs would be to acquire properties that mine steel making raw materials. and that's exactly what posco is doing according to these reports that say a consortium that it leads has been named preferred bid forea stake in a canadian mine. some reports say it's seeking to acquire around a 10% to 15% stake and is scheduled to sign a sales and purchase agreement early next year. and how will posco...
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Dec 21, 2012
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now, in greater china, also some losses. the shanghai comp is more isolated than the rest of these markets from global happenings. it wasn't really the fiscal cliff worries that had this index down. this index has rallied in december. but it's still under water while the rest of the indexes are notching some percentages for the year. they control about three quarters of trade in this market, so, really, they're going to have to buy in if they're going to see any sustained rally. the hang seng is up about 22% for the day. pulling back this week, we're down .7% weighing heavily in this market were the chinese banks. the banks listed in shanghai. liquidity concerns as they head into the end of the year and try wrapping up their balance sheets for regulatory requirements next year. that's the asx worries here. and the bse sensex, the momentum of losses has been increasing over the last little bit. but this market doing very well on the year, as well, up nearly 25%. so a pretty ugly picture here, kelly, but if the world is going
now, in greater china, also some losses. the shanghai comp is more isolated than the rest of these markets from global happenings. it wasn't really the fiscal cliff worries that had this index down. this index has rallied in december. but it's still under water while the rest of the indexes are notching some percentages for the year. they control about three quarters of trade in this market, so, really, they're going to have to buy in if they're going to see any sustained rally. the hang seng...
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Dec 28, 2012
12/12
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china is about 10% of our business. it's about 30% of our clients. for our companies, we have about 11% or 12% of the total pipeline in the world and effectively 30% of that is china. so china is now our second biggest market. is between -- let me get the years right. between '09 and '11, our business doubled there from $1 billion to $2 billion a year. it is a smaller growth compared to the u.s. we're seeing the u.s. continue to grow, asia continue to grow, not just china, but other parts of asia. india has a very big percentage growth. but i think we've got a nice balance of growth around the world. >> on the middle east, i'm assuming that business in most areas of the middle east has been quite tough over the past two years especially or are you seeing pockets that are continuing to grow despite the uncertainty. >> you actually, uae and saudi have been very strong. but clearly egypt and places like syria, lebanon, so on have been affected. so it really is -- and we've defer natalie seen a reduction in development in the middle east. so it is a big
china is about 10% of our business. it's about 30% of our clients. for our companies, we have about 11% or 12% of the total pipeline in the world and effectively 30% of that is china. so china is now our second biggest market. is between -- let me get the years right. between '09 and '11, our business doubled there from $1 billion to $2 billion a year. it is a smaller growth compared to the u.s. we're seeing the u.s. continue to grow, asia continue to grow, not just china, but other parts of...
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Dec 7, 2012
12/12
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but in china, no such luck. after beijing's worst downpour in decades washed out this home, he and his wife had to borrow $3100 in friends and relatives to rebuild, a small fortune on his meager salary. there's no such thing as homeowners insurance, he says. the industry here has been agreeing over the past decade, but still underdeveloped with private policies largely a foreign idea. in countries like the united states, homeowners insurance replaces pretty much whatever somebody owns. about you but here there is no such guarantees, so people are forced to salvage whatever they can on their own. as more chinese get richer, many are looking for ways two o prot their wealth and lives. >> people are some savings, a first car and all that, typically insurance product is actually a very good product for them. >> right now car insurance is popular. china is expected to become the second largest insurance market behind the u.s. by 2020. and the competition is fierce, still dominated by chinese players like picc. intern
but in china, no such luck. after beijing's worst downpour in decades washed out this home, he and his wife had to borrow $3100 in friends and relatives to rebuild, a small fortune on his meager salary. there's no such thing as homeowners insurance, he says. the industry here has been agreeing over the past decade, but still underdeveloped with private policies largely a foreign idea. in countries like the united states, homeowners insurance replaces pretty much whatever somebody owns. about...
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Dec 12, 2012
12/12
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china is getting expensive. everyone needs to respond faster to the consumer. >> as much as a success story as this is for inditex, what kind of read is it for the consumer more broadly? i think about the big u.k. department store talking about a great sudden. is the strength perhaps -- great saturday. is the strength perhaps of the consumer, whether it's driven by overseas visits, underestimated? >> i think you're talking about the employment figures. if adds up. if you look at the u.k. particularly, shoppers are out there. if you look at the numbers that we've seen, john lewis had extremely strong figures, asos had strong figures in the u.k. car sales are hitting new highs over the last several years. with the likes of the german mark's, the luxury's doing the best. people are feeling more confident, particularly if they've been in employment for a while. the key thing -- they are shopping for quality. where they actually get value and quality is really -- those companies are doing particularly well. you are b
china is getting expensive. everyone needs to respond faster to the consumer. >> as much as a success story as this is for inditex, what kind of read is it for the consumer more broadly? i think about the big u.k. department store talking about a great sudden. is the strength perhaps -- great saturday. is the strength perhaps of the consumer, whether it's driven by overseas visits, underestimated? >> i think you're talking about the employment figures. if adds up. if you look at the...
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Dec 27, 2012
12/12
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. >>> a slowdown in the country of china is proving to be short lived. power generation and food processing firms are leading the recovery. >>> and germany's latest exports seems to be recession proof. it's a tradition dating back to the middle ages, but germany's christmas markets are more popular than ever. nbc's andy eckh artson sends this report. >> every december, music rix out across girlny's favorite christmas market. berlin alone hosts more than 80 markets, each with its own character where the sights, sounds and smells of christmas combine to keep your financial crisis at bay. >> we don't feel a crisis. when you look around here at the christmas market, you meet so different people from germany and it's so popular to come to berlin. christmas season is present season. >> over the past 20 years, germany's christmas markets have become a big attraction and big business. analysts estimate that the german christmas market industry brings in billions of dollars annually. for many small businesses and traditional craftsmen, the markets are the main so
. >>> a slowdown in the country of china is proving to be short lived. power generation and food processing firms are leading the recovery. >>> and germany's latest exports seems to be recession proof. it's a tradition dating back to the middle ages, but germany's christmas markets are more popular than ever. nbc's andy eckh artson sends this report. >> every december, music rix out across girlny's favorite christmas market. berlin alone hosts more than 80 markets, each...
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Dec 20, 2012
12/12
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china clearly has bottomed. and i think with the new leadership in place, we'll have much more talk about urbanization and the restructuring that will continue to take place there and so that leaves us with europe. and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of this together means that i think it's going to be a very interesting year for equities that will make money in equities this year. >> virginie, if there's any good news for investors, maybe they can focus on fundamentals or looking at some particular companies, you know, is it a stock picker's market, that kind of thing. but we have major electrics. especially just mentioned europe, we have german elections, we have what's going on in italy. is it going to still be about politics or is it a market that will overcome that? >>
china clearly has bottomed. and i think with the new leadership in place, we'll have much more talk about urbanization and the restructuring that will continue to take place there and so that leaves us with europe. and europe is not doing well. we all know that. but i think europe has stopped deteriorating. so if we look at the pmi numbers, for example, they're still really bad, but they have stopped going down and some of the numbers increased even though they're still well below 50. all of...